With the Strait of Hormuz effectively shut down for now, disrupting oil supplies and sending crude oil and other product prices soaring, the economy faces a risk of a slowdown in economic growth and ...
A softer-than-expected employment report for February confirmed a deteriorating job market. At the same time, the threat of rising oil prices as the military conflict in Iran drags on, combined with ...
The first year of the second Trump administration presented numerous opportunities for economists to predict whether the economy would surge, sputter or sail through.
The federal government shutdown occurred just days before the September jobs report was due to be released, but most of the data collection had already been completed. So when the government reopened ...
Last week’s news that inflation rose less than anticipated cheered market participants who had expected consumer and producer price hikes in reaction to the recent imposition of tariffs on most ...
The economic outlook has substantially changed over the past year. In its most recent release, the forecasting firm Oxford Economics suggests growth of 2.5% in the fourth quarter, a far cry from its ...
The Federal Reserve's policymaking committee ended its eight-meeting pause last week and finally cut its target short-term interest rate, choosing a 50-basis-point cut.
The University of Michigan’s index of consumer sentiment brightened in early August, rising from an eight-month low of 66.4 to 67.8. But the news might not be as positive as the headline would ...
The combination of the Bank of Japan raising its policy interest rate, a weak U.S. jobs report showing higher unemployment and a downturn in a widely followed manufacturing survey spooked investors ...
The economy grew at a robust rate in the second quarter, defying predictions that growth would slow as the Federal Reserve keeps interest rates in restrictive territory. The surprise showing should ...
With the national political conventions underway or coming in a few weeks, some efforts have been made to understand how the policies promoted or planned by each party might affect the outlook for ...
The June employment report from the Bureau of Labor Statistics confirmed what is widely expected — a slowing labor market after two years of pandemic-related disruption.
Employment growth was surprisingly strong in May, as employers added 272,000 jobs, according to the federal Bureau of Labor Statistics. This was far above consensus expectations of 180,000 in a ...
It’s been tough to navigate the housing market since the pandemic's broader economic effects wreaked havoc on buyers and sellers. The primary impact has been the Federal Reserve’s move to push up ...
Consumer spending was the mainstay of the economy for most of last year, contributing to relatively robust economic growth despite the Federal Reserve’s efforts to slow the economy in its battle ...